Gentex Corporation (GNTX) Releases Earnings Results, Beats Expectations By $0.01 EPS

Gentex Corporation (GNTX) reported quarterly earnings results on Friday, Jul-22-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.29. The company posted revenue of $423.80 million in the period, compared to analysts expectations of $416.74 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Gentex Corporation opened for trading at $16.15 and hit $16.265 on the upside on Wednesday, eventually ending the session at $16.19, with a gain of 0.81% or 0.13 points. The heightened volatility saw the trading volume jump to 15,63,478 shares. Company has a market cap of $4,676 M.

In a different news, on Jun 9, 2016, Fred Bauer (Chairman of the Board & CEO) sold 351,700 shares at $16.45 per share price. According to the SEC, on Jun 2, 2016, Joseph E Iv Matthews (Vice President Purchasing) sold 2,140 shares at $16.50 per share price. On Dec 29, 2015, Scott P Ryan (General Counsel) sold 2,000 shares at $16.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry dimmable aircraft windows for the aviation industry and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business involves designing developing manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

Gentex Corporation

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